Brokers say these top ASX dividend stocks are buys

MotleyFool
Yesterday

There are plenty of ASX dividend stocks out there for income investors to choose from.

To narrow things down, let's take a look at what brokers are recommending as buys right now. They are as follows:

Dexus Convenience Retail REIT (ASX: DXC)

Bell Potter thinks that Dexus Convenience Retail REIT could be an ASX dividend stock to buy right now. It is a property company that owns a portfolio of Australian service stations and convenience retail assets.

The broker currently has a buy rating and $3.35 price target on its shares.

In respect to dividends, the broker expecting payouts of 20.6 cents per share in FY 2025 and then 20.9 cents per share in FY 2026. Based on its current share price of $2.99, this implies dividend yields of 6.9% and 7%, respectively.

National Storage REIT (ASX: NSR)

Another ASX dividend stock that could be a buy according to brokers is National Storage.

It is the Australia-New Zealand region's largest self-storage providers with over 260 locations. From these locations, it provides tailored storage solutions to more than 97,000 residential and commercial customers.

The team at Citi is positive on the company and its outlook. It has a buy rating and $2.70 price target on its shares.

As for income, the broker also expects some nice yields in the near term. It is forecasting dividends per share of 11.3 cents in FY 2025 and then 11.8 cents in FY 2026.  Based on its current share price of $2.34, equates to dividend yields of 4.8% and 5%, respectively.

Super Retail Group Ltd (ASX: SUL)

Finally, analysts at Goldman Sachs have named Super Retail as an ASX dividend stock for income investors to buy this month.

Super Retail is the diversified retailer behind the popular BCF, Supercheap Auto, Macpac, and Rebel brands.

Goldman is a fan of the company, partly due to its vast loyalty program. It also highlights that "it is one of the few retailers in Australia that has both a space and sales productivity lever that we expect the company to be able to pull."

The broker has a buy rating and $15.50 price target on its shares.

In respect to dividends, its analysts are forecasting payouts of 64 cents per share in FY 2025 and then 66 cents per share in FY 2026. Based on its current share price of $14.17, this represents dividend yields of 4.5% and 4.65%, respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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